On 27th January 2025, the Heaton & Reddish Area Committee considered the nomination of Peel Moat Open Space as an asset of community value.
Based on the evidence provided, the Members decided that the nomination was successful. This means that Peel Moat Open Space will be added to the Council’s list of assets of community value. Subject to appeal, the entry will be on record for a period of 5 years.
What does this mean?
The listing means that the owner is obliged to notify us if they intend to dispose of the asset in the next 5 years. This will trigger a two stage moratorium period during which they will be unable to sell their asset:
• Stage 1 – Interim Moratorium - 6 weeks – Council publishes intention to sell on our website so that relevant community interest groups can consider whether they would like to place a bid for the asset.
• Stage 2 – Full moratorium - 6 months – Community interest group(s) prepare bid to purchase asset.
The asset owner does not have to accept a community bid and is free to dispose of their asset as they wish once the moratorium period has expired. If a bid is rejected or no bids are received then they have a protected period of 12 months where they are free to dispose of their asset as they wish.
See Stockport Council's letter here